Daily Archives: June 21, 2017

In May producer price index for industrial products rose by 9.4% year on year, while the index has not changed month on month. In May 2017 prices rose by 0.6% for processing industry products, which was reflected by 0.51% in total indicator of the index. According to Geostat, national statistics …

Four different companies opened Georgian Furniture Underground together at Galaktion Tabidze 3/5. Customers will have an access to ecologically clean furniture and different details of interior which are made in Georgia. There will be production of 16 Georgian companies presented to sell. All companies have different pricing policy but there are enough choices …

Tskali Margebeli company, which bottles Nabeghlavi, plans to unveil a multi-profile soft drinks plant in Guria Region on June 24. The project is being implemented jointly with RAUCH, one of the leading juice production companies in Europe. The project’s investment value made up 40 million EUR. The new plant will …

Participants of the South-West corridor are planning to transport up to 200,000 tons of cargo via the corridor until late 2017, Javid Gurbanov, head of Azerbaijan Railways CJSC, told Trend. The South-West corridor is meant to run from India to Europe through Persian Gulf, Iran, Azerbaijan, Georgia, and Black Sea. …

The Baku-Tbilisi-Kars (BTK) railway will be ready in August 2017, Ahmet Arslan, Turkey’s minister of transport, maritime affairs and communications, said, the country’s media outlets reported June 21. Arslan added that Turkey has almost completed construction of the BTK railway on the country’s territory, but the problem is that a …

The EU reaffirms its strong commitment to cooperation with Eastern Partnership countries, Federica Mogherini, High Representative of the EU for Foreign Affairs and Security Policy said at Eastern Partnership (EaP) ministerial meeting in Luxembourg June 19, the European Council said in a message. The meeting brought together EU foreign ministers …

The Ambassador of the European Union (EU) to Georgia, Janos Herman, recently paid a series of visits to agricultural and rural development initiatives in the country supported through the EU-funded European Neighbourhood Programme for Agriculture and Rural Development (ENPARD). The ENPARD site visits in Kvareli and Lagodekhi were part of …

Market of 500 mln is opened for fish producers. The EU market has already been opened for Georgia’s Black Sea fish and fish products. “Today, export worth of 30 million USD products is made to Turkey, which has been actually the sole export market for Georgian fish. From today the …

Georgia’s Innovation and Technology Agency has a new head manager, Giorgi Zviadadze. The Minister of Economy of Georgia Giorgi Gakharia presented new head to their employees. Giorgi has been chosen from contest, which was announced by the Ministry itself. Zviadadze has 13 year working experience, he is a founder of …

The banking sector’s profits rose by 19.5% in May month on month, while in April the monthly growth constituted 15%. Fourteen commercial banks ended the month of May in profits. Ratio of top leading commercial banks in total profits is 90.4%, while ratio of Bank of Georgia and and TBC …

Galt&Taggart has obtained awards of International Finance Magazine (IFM). IFM has awarded Galt&Taggart as the best advisor in corporate finances and the best investment bank of 2017. IFM transmits awards to physical bodies and organizations operating in international finances field, which make significant contribution to the industry development. Galt&Taggart is …